Euruadanalysis
EURAUD setting up for a big moveEURAUD broke out quite sharply few weeks back followed up by a double top on bigger picture. As now this market rallying a bit but to me it seems like market momentum is weakening across the board which signals for a downside to ensue. Watch for compression here and strong bearish expansion bars to build positions or if you have your trading strategy consider shorts.
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#euraud ready for sell againhi again here is my point of view i hope you can take profit with us
"we have dominate on market "
EURAUD, DSince the LH is already made now its time to make the new LL so EA will go further downside!
EURAUD Bounce will lead 1.42EURAUD chart started its day under fibbo %50 band and tested its %61 band which stays around 1.49. It's last week climed here from 1.42 band with EUR news and weakens from AUD supported it too. As we see we got our major Resistance around 1.5050, fibbo %70.6 band which held the parrity 3 times or more since JUN 2016. Our setup gives us here that it's movement tru upwards migt show us that it might test %61.8 fibbo, 1.4920 and bounce or might pass and show us 1.5050 band and will turn back to its fibbo -%27 level which at 1.42. These both 1.4920 and 1.5050 levels are holding resistances, which produces strong points and making a narrow strong block to take parrity to upper places.
